Dogecoin traded above $0.098 on Thursday, extending a week-long rally even as the broader crypto market paused. The total crypto market slipped about 1.27% to a market cap near $2.3 trillion, with major coins like Bitcoin, Ethereum, XRP, and Solana pulling back slightly. In a notable development, Coinbase announced an expansion of its crypto-backed loan program to include XRP, Cardano, Litecoin, and Dogecoin, allowing eligible users to borrow up to $100,000 in USDC without selling their holdings.
Previously, Coinbase’s crypto-backed loans were limited to Bitcoin and Ethereum. The new feature enables qualified U.S. users (excluding New York) on the Base network to collateralize XRP, ADA, LTC, and DOGE to obtain USDC instantly, increasing financial flexibility for asset holders. CoinGape notes that the expansion could broaden practical uses for crypto as collateral in everyday transactions.
From a market perspective, Dogecoin fell 0.42% in the past 24 hours to around $0.09836, with price action showing a dip toward a $0.09 support zone. A cup-with-handle formation was observed, suggesting a potential breakout above resistance near $0.11. If that resistance is surpassed, DOGE could target new highs, with some analysts citing a possible move toward $0.15 in the near term. However, the near-term outlook remains contingent on keeping the $0.09 support intact, as a break below could open the door to additional declines.
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